VISION: Why distributed ledger technology has potential to be all time innovation?

in #blockchain7 years ago (edited)

Because it will give the possibility to monetize the use of open and visible development of idea to product, but also decentralize the processes and create platforms for creating new functions(ethereum).
Distributed ledger technologies will be providing revolutionizing economical system, where every object has an attached value through smart contracts without manual estimation of value to objects. Prices will began to live in real time stream based on all effecting attributes(other tokens). Just like prices of token transfers is living from wallet to wallet are living in real time. This causes that innovation that has own token has value.

What I believe is the future of distributed ledgers is that token innovations are going to work more and more in alliances being powered by each other as whole consensus. The most effective alliance would be universal one, completely powered by open source top of the distributed ledger network. I call this innovation as nothing less than a hivemind due its nature as collective intelligence. Decentralized universal 'company' that all the individuals in this planet could contribute for and be paid with token bounties. We could have own kind of ITIL structure functioning on top of distributed ledger network and would be completely open source and have full visibility. This is company that I would enjoy to work for because it would benefit nothing less than everybody and cause exponential economic growth through innovation and more effective solutions. Even this idea as it is is already huge, it is only small show off of distributed ledger's potential for humanity. As much you might be loving your nation, I´m sorry to tell you, there is no way that nations as we know them will survive through globalization and unity that distributed ledger network will bring in long term.

This is my invitation to join the revolution to free ideas lifecycle to become ready product. It would be executed completely open source in idea itself as well as in software and hardware. Innovation should never be hold back by the lack of skill for execution, hidden and forgotten in just our minds. Ideas should be easy to deliver like a search engine search, without a knowledge for engineering, marketing and other parts in cycle to becoming ready product. Making ideas lifecycle to ready product effectively as possible through purchasing work from token units. The key for humanity to take the step for next level is the universal company ecosystem. When all the other services could be bought through ledger.

I must notify you, I didn't make it through university so this structure for sure will require more looping of itself, but it could work like this:
Idea would be input to hivemind(for example through searches, innovation data could be bought from DATA market from people, from cars from any IoT device) -> on first phase it would be innovated more through universally public innovation mindmapping platform and the best contributions would be recognized through up&down vote system and brainstormed further. Coin offering or bounty would be given based on up&down votes. After idea would been stormed to more complete innovation. From mindmapping the artistic creators could create science fiction art like movies, music and so on to deliver the message better for developers. Token creation and initial coin offering could be purchased in ethereum node to get funding for the innovation, in Cardano node idea could be researched more properly before being executed through utopian.io(currently just programming contributions but same could be issued for everything), advertisement based realtime data market. Products would be produced completely open source being free hardware that those could be printer locally worldwide. This would easy up also maintenance and continuous development since anybody could put ideas and innovation about the through the cycle of hivemind.

This would able the work straight for innovations without a having company. I don´t want to be political, but if this kind of hivemind token will be ever launched it should also contain share in its coin offering for Universal Basic Income that would be distributed equally to all humans as an investment fund receive larger brainforce and avoid inequality. There is clearly space and need for politics. In hivemind everybody would be politician and it would be the real united nations due its nature of being decentralized, completely free, open and visible and would have own monetary system based on real time values.

There will be plenty of problems to be solved in this kind of system too like for example superiority of nations(solved by military token?), superiority of AI compared to humans and what that would cause to economics, but obstacles should never stop innovation and research. But now when idea is published we can start to work on it!

How this could be realisticly be made from idea to something concrete? Clearly Utopian.io[http://join.utopian.io] is quite good example that it is already kind of happening. https://globalchallenges.org has promised 5 million euros support if such solution could be found. There is a lot of innovation that hasn´t own marketplace in ledger yet, but it is growing and developing with really accelerated speed compared to and when every service is available through ledger these innovation tokens will have actual value since you can buy services and shares you cannot buy with FIAT currencies. There is estimated to be 240 trillion euros in the world and distributed ledger technology is just

Tommi Niemi
https://www.mindomo.com/mindmap/544c980fa84c4e7b8039a1047123f860

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